153.450 Levy of additional transient room tax by urban-county government.
(1) In addition to the four percent (4%) transient room tax authorized by KRS 91A.390
an urban-county government may levy an additional transient room tax not to <br>exceed two percent (2%) of the rent for every occupancy of a suite, room, or rooms, <br>charged by all persons, companies, corporations, or other like or similar persons, <br>groups, or organizations doing business as motor courts, motels, hotels, inns, or like <br>or similar accommodations' businesses.
(2) All additional moneys collected from the tax authorized by subsection (1) of this
section shall be applied toward the retirement of bonds used to finance a nonprofit <br>corporation which is created for the funding, construction, and management of a <br>convention center in an urban-county, and to defray the operating costs of the <br>nonprofit corporation.
Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 158, sec. 1, effective July 14, 2000. -- Amended
1986 Ky. Acts ch. 11, sec. 2, effective July 15, 1986. -- Created 1980 Ky. Acts <br>ch. 382, sec. 7, effective April 9, 1980.
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